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Ok so whats so special about this graded ASE?

Twice market price for a graded 2011 ASE, does a low mint box label really make that much difference?

2011 ASE MS70

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    rickoricko Posts: 98,724 ✭✭✭✭✭
    It does to many people.... status symbol, bragging rights - at least to those who do not understand what it really means. Cheers, RickO
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    derrybderryb Posts: 38,624 ✭✭✭✭✭


    << <i>Twice market price for a graded 2011 ASE, does a low mint box label really make that much difference?

    Not to a buyer who knows what he is doing. I suspect these "fantasy" labels attract the newbies.

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    Why and for who does PCGS do this ?
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    EggerEgger Posts: 442 ✭✭✭
    Probably thought it had the W mint mark, but was just minted at W vs the whole san fran thing
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    19Lyds19Lyds Posts: 26,524 ✭✭✭✭
    With all the different Authorized Purchasers, exactly how do you determine that the coin came from "Box #49"? And if Box #49 was so freaking important for coin quality, why weren't all 500 in that box MS70?

    According to the Freedom of Information Act which Lope208 received regarding the 2008/Rev 2007-W SAE's, each coin received 3 strikes and from the list which was provided, die #7328182 performed 17,355 strikes (the highest number in the list) for a total production of 5,785 coins.

    Judging from that FOI letter, it takes quite a few dies to produce 25,000 SAE's or in the case of Box #49, 24,500 which to me simply reads as marketing drivel which simply cannot be related to coin quality.

    But, collect what you want.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
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    derrybderryb Posts: 38,624 ✭✭✭✭✭


    << <i>Why and for who does PCGS do this ? >>


    Large customers who are willing to pay for it.

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    derrybderryb Posts: 38,624 ✭✭✭✭✭


    << <i>Probably thought it had the W mint mark, but was just minted at W vs the whole san fran thing >>


    I am disappointed in PCGS for adding the W to the label even if it is in parenthesis. Type of thing you see with SEGS.

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    << <i>

    << <i>Probably thought it had the W mint mark, but was just minted at W vs the whole san fran thing >>


    I am disappointed in PCGS for adding the W to the label even if it is in parenthesis. Type of thing you see with SEGS. >>



    I think when a company makes certain services and labels only available to the big boys it loses its perceived neutrality towards grading. I can't believe the (W)....the (S) is bad enough

    I guess a company goes where the money leads....
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    19Lyds19Lyds Posts: 26,524 ✭✭✭✭


    << <i>

    << <i>

    << <i>Probably thought it had the W mint mark, but was just minted at W vs the whole san fran thing >>


    I am disappointed in PCGS for adding the W to the label even if it is in parenthesis. Type of thing you see with SEGS. >>



    I think when a company makes certain services and labels only available to the big boys it loses its perceived neutrality towards grading. I can't believe the (W)....the (S) is bad enough

    I guess a company goes where the money leads.... >>

    Well, on the bright side, this opens the door for all those "other" non-mintmarked SAE's to get graded as -(W) coins since West Point has been minting these exclusively since the late 90's if not sooner.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
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    KaelasdadKaelasdad Posts: 1,232 ✭✭✭
    Ok, so they are adding a (W) to a non mintmarked coin--funny. They would not add (D) to the Washington Missing Edge coins--even when they came out of a Denver sealed brick--and even when a blind guy could tell the difference in the planchets from Denver vs Philadelphia.

    So, PCGS, have we decided that we can now accurately determine where a coin was minted? may I now send in my (D) Washington missing edges I bought from Fred Weinberg, and get them accurately slabbed?
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    Grading bullion coins is stupid! image
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    PokermandudePokermandude Posts: 2,713 ✭✭✭
    That's some expensive plastic!
    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
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    Wow dont you guys ever watch the television marketeers?These things were big on the coin vault awhile back.They buy monster boxes from the mint,then determine from the paperwork what order that box was in the shipping out sequence and then get a TPG to give them a special label.Does it mean anything coin wise??NO NO and NO.Just a gimmick to get twice the going price from those who dont know.
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    I'll give you $43.00 for it.
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    << <i>

    << <i>

    << <i>Probably thought it had the W mint mark, but was just minted at W vs the whole san fran thing >>


    I am disappointed in PCGS for adding the W to the label even if it is in parenthesis. Type of thing you see with SEGS. >>



    I think when a company makes certain services and labels only available to the big boys it loses its perceived neutrality towards grading. I can't believe the (W)....the (S) is bad enough

    I guess a company goes where the money leads....[/q

    image
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    57loaded57loaded Posts: 4,967 ✭✭✭
    it only has one place to go, down.

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    WoodenJeffersonWoodenJefferson Posts: 6,491 ✭✭✭✭
    Auction description: With this early designation, this Eagle was struck while the mint dies were new, yielding the crispest image you can find in a MS70 Eagle

    Total BS
    Chat Board Lingo

    "Keep your malarkey filter in good operating order" -Walter Breen
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    GrumpyEdGrumpyEd Posts: 4,749 ✭✭✭
    What's next?
    How about D and S cents from 1965-1967?
    Ed
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    << <i>Auction description: With this early designation, this Eagle was struck while the mint dies were new, yielding the crispest image you can find in a MS70 Eagle

    Total BS >>



    I was thinking the same thing!
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    derrybderryb Posts: 38,624 ✭✭✭✭✭


    << <i>

    << <i>Auction description: With this early designation, this Eagle was struck while the mint dies were new, yielding the crispest image you can find in a MS70 Eagle

    Total BS >>



    I was thinking the same thing! >>


    A coin struck as the one millionth coin could theoretically be struck with a new die as the dies get changed after wear. Early designation only means the time frame in which it was submitted from its release date, not the amount of wear on the die. An early designation coin could easily be struck with a worn die, especially with bullion eagles that are being stamped in record numbers.

    What's next, AM and PM labels for time of day struck?

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    fiveNdimefiveNdime Posts: 1,088 ✭✭


    << <i>Grading bullion coins is stupid! image >>




    << <i>Type of thing you see with SEGS. >>


    2008W - no W [i have that one] purchased below melt image
    BST transactions: guitarwes; glmmcowan; coiny; nibanny; messydesk
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    << <i>Grading bullion coins is stupid! image >>




    I agree waste of money ... Too many out there
    Ebay Seller Americansilvereagle 800+ feedback

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